Latest News
The Bermuda Monetary Authority (BMA) has experienced a recent uptick in reinsurance registrations.
Registrations for the first two months of 2018 include 11 reinsurers – which include three Class E Long-Term (life) commercial reinsurers and one general business Class 4 general business commercial reinsurer – and one intermediary. This compares to five new reinsurers (and no intermediaries) recorded for the same period last year. Class 4 and Class E reinsurers are the largest entities by size on the Bermuda register.
Craig Swan, BMA Managing Director, Supervision (Insurance) says, “This increased reinsurance activity follows on the heels of the third
Commodities asset manager CoreCommodity Management has appointed Lawrence Danter as Managing Director, a newly-created position which includes responsibility for marketing the firm’s absolute return offerings.
CoreCommodity’s Founders Absolute Return Program, which is approaching its one-year anniversary, seeks to provide alpha through a diverse portfolio designed to be uncorrelated to traditional equity, fixed income and commodity markets. The strategy employs directional commodity exposure, inter- and intra-commodity relative value, and invests across natural resource equities.
“Larry’s stellar background and reputation further strengthens CoreCommodity as the most experienced commodities investment team in the industry,” says Bradford Klein, CoreCommodity Co-Founder. “He will be
Thomson Reuters has enhanced its investment portfolio risk management solutions on its financial flagship desktop product, Eikon, with the addition of MSCI RiskMetrics.
Investment professionals access to market-leading, multi-asset class risk analytics alongside Eikon’s capabilities for portfolio analytics, market monitoring and idea generation, powered by Thomson Reuters data and news.
These capabilities are designed to assist investment professionals using Eikon to track market movements and monitor its effect on portfolios, while aligning portfolios with investment objectives and policy statements. Portfolio managers can stress test portfolios and perform scenario analysis on-the-fly to help ensure they understand the risk to their
Context Capital Partners’ latest Context Allocator Trends Report, which is based on a survey of more than 400 institutional investors and family offices, has revealed strong demand for alternative investment strategies, with 70 per cent of respondents planning to increase their allocations to alternatives in 2018, and 29 per cent planning to maintain their current allocations.
The demand for alternative investments is supported by doubts over how long the current bull market can last, with 69 per cent of institutional allocators surveyed predicting that traditional equities and fixed income markets will underperform in 2018 when compared to 2017, and an
Man Group has appointed Simon Finch as CIO of Credit at Man GLG, its discretionary investment management engine.
In this newly created role, Finch will be responsible for Man GLG’s credit business and will have oversight of the credit portfolio management teams. Simon will report to Teun Johnston, CEO of Man GLG, and will work closely with Man GLG’s CIO Pierre-Henri Flamand and Man Group’s CIO Sandy Rattray. Finch will join Man Group’s Executive Committee and Man GLG’s management team.
Finch has 25 years of experience in credit investing and joins Man GLG from CQS, where he was CIO
Nasdaq has expanded and relaunched its Mutual Fund Quotation Service (MFQS) as Nasdaq Fund Network (NFN). Nasdaq Fund Network is a global investment product information service bringing greater efficiency and transparency to the world’s financial markets.
Nasdaq Fund Network provides the global investing public daily access to valuations for listed financial instruments, including mutual funds, money market funds, unit investment trusts (UITs), annuities, Separately Managed Accounts/Unified Managed Accounts, collective investment trusts, alternative investments, and structured products that are listed with Nasdaq. Previously, MFQS was limited to only mutual fund and money market fund listings.
“Nasdaq has been providing market transparency
Saxo Bank has welcomed ESMA’s recently announced measures in relation to the provision of CFDs to retail clients. The measures include caps on leverage which Saxo Bank considers fair and proportionate.
Saxo Bank expects these measures to be positive for clients and result in a more level playing field among EU providers offering margin trading, which will in turn move the competitive focus away from leverage and towards the quality of platform, price, product and service.
Kim Fournais (pictured), founder and CEO, Saxo Bank, says: “Saxo strongly welcomes and supports the measures set forth by ESMA and believes that
Quant Insight, a London-based macro analytics firm, and Predata, the New York-based predictive analytics platform, today announced a new strategic partnership whereby Predata will add its global geopolitical risk signals to Quant Insight’s quantitative macro analyses framework and processes to give institutional investors and traders anticipatory insight to help optimise investments and quantify trades on assets that incorporate political risk.
Together, Quant Insight and Predata will give investors, hedge fund portfolio managers and wealth managers a more complete framework for trading today’s complex financial markets. The joint solution will help investors to better grasp the political, financial and economic factors
JonesTrading Institutional Services has named David O’Shaughnessy as Managing Director in its Derivatives Trading Group.
O’Shaughnessy is an industry veteran, bringing over 15 years’ experience and expertise to the team. He will be based in New York and report to Jeff Micsky, Head of Global Derivatives.
O’Shaughnessy joins JonesTrading having served in positions of increasing responsibility in derivatives trading during his career. Prior to joining, he served as Director in Equity Derivative Sales for Deutsche Bank New York. Prior to Deutsche Bank he held senior derivatives sales roles at Citadel Securities, BNP Paribas and Susquehanna.
Alan Hill (pictured), CEO
Heiwa Real Estate Co and Nomura Research Institute (NRI) are partnering to provide a fund hoteling service in the Kabuto-cho, Nihonbashi district in Tokyo providing start-up asset managers and foreign asset managers who want to operate in Japan with business infrastructure as a package which includes office hardware, IT solution and BPO service.
The service will become available in June.
The Tokyo Metropolitan Government is currently promoting the “Global Financial City: Tokyo” vision to win Tokyo’s position as the top global financial city in Asia. As a part of this initiative, Heiwa Real Estate aims to revitalise Kabuto-cho and
